The CRUDE OIL is still consolidating below the key resistance at 94,65; only a daily closing above the this level will support higher levels suggesting an extension toward the 200 days line at 97,11.
The indicators of the daily chart are still well positive while those of the s/t ones are mixed supporting further consolidation. The scenery suggested by the hourly chart is however suggesting a possible top is very close, scenery that only an hourly closing above 93,80 will be able to abort.
We remain on the sideline.
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